CBS MarketWatch Movers & Shakers 8-28-98

CBS.MarketWatch.com

SCREAMERS: Computer Learning Centers (CLCX)
clcx
lost over half of its value after the company warned that it sees second-quarter earnings of between 4 cents and 5 cents a share. Analysts surveyed by Zacks were expecting a profit of 17 cents a share. Shares fell 7 13/32 to 5 31/32. See Screamers.

InnerDyne (IDYN)
idyn
said U.S. Surgical (USS)
USS, +0.00%
has decided not to develop one of InnerDyne's minimally invasive surgical products.

J.P. Morgan (JPM)
JPM, -0.36%
said the company's Russian exposure was $160 million as of Aug. 27. On Friday, BankAmerica Corp.(BAC) said it had racked up Russia-related losses of $220 million on Russian exposure of $412 million as of June 30. See related story.

Northwestern Steel and Wire Co. (NWSW)
nwsw
said it has tentatively decided to exit most of its wire-products business, cutting approximately 450 employees.

U.S. advancers

AccuStaff Inc. (ASI)
ASI, -0.22%
rose 1 to 17 after the company said it canceled plans to spin off a 20 percent stake in its Strategix commercial staffing business. Instead, AccuStaff will sell the unit to Dutch staffing company Randstad Holding for $850 million in cash. See full story.

Ciena (CIEN)
CIEN, +0.44%
gained 4 1/2 to 35 5/16 after the company and Tellabs (TLAB)
tlab
struck a new deal on their combination terms. The companies, which originally had set a 1-for-1 stock swap,have revised that ratio to place a higher value on Tellabs' stock. Tellabs lost 8 13/16 to 49 on speculation that the acquisition will dilute earnings well into the foreseeable future. See full story.

Shares in First Hawaiian Bank (FHWN)
fhwn
gained 2 to 30 after a J.W. Genesis Capital analyst told Business Week that the stock is undervalued.

Shares in voice and data application company General Magic (GMGC)
gmgc
rose 1 1/8 to 6 1/4 after the company said it has completed the rollout of its Portico services, featuring speech recognition.

J.D. Edwards (JDEC)
jdec
shares rose 5 1/2 to 41 7/16 after the company said it earned 16 cents per share, 3 cents more than analysts expected. A pair of investment banks gave good marks to the maker of business software. See Software Report.

Kent Electronics (KNT)
KNT, -4.30%
shares lost 2 5/16 to 10 1/8 after the company said it sees lower sales and gross margins in its second quarter.

Mac-GrayCorp. (TUC)
TUC, -12.21%
, which makes laundry machines and small refrigerators for college dorms and military uses, said its chief financial officer, John Olbrych, had resigned to spend more time with his family. The stock fell 9/16 to 13.

MRV Communications (MRVC)
MRVC, +0.63%
shares fell 7 9/16 to 6 13/16 after the company said it sees lower-than-expected profits and revenue in its third quarter. The company was expected to make 32 cents a share. See full story.

Stock in market research company NFO Worldwide (NFO)
NFO, +0.30%
fell 1 to 9 7/8 after Schroder & Co. cut its rating to "neutral" from "buy."

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.